Ekistics Property Advisors LLP has acquired the 76,460 sq ft 3 St Paul’s Place office building in Sheffield from M&G Real Estate for £16.8m. Ekistics was advised by Till AM and Cushman & Wakefield acted for M&G.
3 St Paul’s Place is a 9-storey, Grade A office building adjacent to the ‘Heart of the City’ development in Sheffield City Centre. Aside from half a floor, the Grade A building is fully let to a number of high-profile occupiers including Handelsbanken, BDP, Arup, Freeths, TES Global and Ansys UK Ltd.
The acquisition forms part of a wider UK investment strategy for Ekistics, who already has a European investment portfolio of some EUR 497 million. The investor works with advisor Till AM to seek best in class buildings across the UK and the purchase of 3 St Paul’s Place represents its first investment in Sheffield.
Liam MacCarthy, Director at Till AM, said: “As one of the best buildings in Sheffield with a strong tenant line-up, 3 St Paul’s Place stood out as an excellent investment opportunity. We will be looking to make further upgrades to the building in due course.”
Andrew Meikle at Cushman & Wakefield acted for the vendor.
